Large ETH Sell Orders Placed on Hyperliquid

Ethereum (ETH) experienced a rebound from its weekend low near $2,000. According to BlockBeats On-chain Detection, a significant trader on Hyperliquid placed two large sell orders six hours ago. The orders aim to short 5,614.9 ETH in the price range of $2,115 to $2,149, with an estimated position size of approximately $12.05 million. If all orders are executed, the weighted average entry price is expected to be around $2,147.58. The transaction is linked to the address: 0xf517639a8872e756ac98d3c65507d2ebc25cc032.